If elasticity is the same everywhere along the curve and the elasticity value is unchanged,the demand curve _____
A)is a linear demand curve.
B)backward-bending curve.
C)is a constant-elasticity demand curve.
D)is a revenue curve.
E)has a different elasticity value at each point along the curve.

Question

Quizplus · Accepted Answer

A constant-elasticity demand curve means that the elasticity of demand is the same at every point along the curve. This means that a change in price will result in the same percentage change in quantity demanded, regardless of where on the curve we are. Therefore, the answer is C: a constant-elasticity demand curve.

If Elasticity Is the Same Everywhere Along the Curve and the Elasticity